my car is paid off should i buy a new one

Should I Repair or Just Replace My Old Car?It's paid off, which is great, but even routine maintenance now runs me a few hundred bucks, and the mechanic is always upselling me on additional repairs that are hundreds more dollars. Is it time to just retire my ride and buy a new car, or should I stick it out for the long haul?

Should I Pay Off My Car Before I Sell It? | eHowMoney Managing. Car Loans. Should I Pay Off My Car Before I Sell It? If you can't, make sure you pay off the new loan before you buy a new car in the future. Otherwise, you may find yourself in a constant cycle of upside-down loans.

Cost vs. value: Should you buy a new car or used car?Almost every personal finance pundit recommends you should buy a used car over a new car. It's been paid off for 10 years now, and I've loved this car. Hate to give it up, but this is the point where it's going to start costing a bundle to keep it viable.

Should You Buy That New Car? 5 Reasons… – Money Under 30Should You Buy That New Car? 5 Reasons to Keep Your Clunker Running. By Guest Writer Get our free 7-day course on earning & saving more. Unfortunately, I wrecked my first two cars right before they would have been paid off. Then, in 2000, I finally paid off a car that I was still driving.

Should I buy a new car? The car-dilemma – Nickel by NickelBack to the topic, I think I'm making the right choice here but I feel like I need some reassurance from others on this one. Should I buy a new car? … or stick I've been driving car-payment free for more than 3 years now and I love it! Honestly, once you're done tackling your creditcards… pay off your car!

Reader Question: Should I Pay Off My Car or Trade It In and Lease…Join 78,670 Subscribers. Reader Question: Should I Pay Off My Car or Trade It In and Lease Another Car? I hope you didn't take the advice completely! The first half is true. You shouldn't buy or lease a new car, however, you should keep and try and pay off the car you have!

A House or A Car… Which Should I Buy First?Should you buy a new house or a new car first? This question is actually extremely difficult to answer. As far as your credit score is concerned, it probably won't break you. But it's always better to have your car paid off.

How Big Should My Down Payment on a Car Be? – The Simple DollarI'm going to buy a new car in several months and I'm trying to figure out how much down payment I should have. I've heard tons of different answers from different people. The car was paid off in just over 3 years. I've had it for 7 years now payment free.

3 Reasons Why You Should Never Buy a New CarI paid 65% of the new price, yet I still got an as-new car. I was actually able to afford a better model than if I had purchased new! I'll never buy new. Buy a brand new car at the very end of current model year and you'll get up to $10k off in some cases.

Should You Pay Cash for a Car? | How About Paying Off the Mortgage?I haven't had a car payment since I paid off my 1988 Toyota Camry- the only brand new car I've ever bought, in l992. Because I pay cash for EVERYTHING, my house is paid off, my cars are paid off and we pay our credit cards off each month paying NO Interest.

9 Things I Learned From Paying Off My Car Loan | Credit.com1. Auto-Pay Is Awesome… I made every single payment over the 5-year term of my car loan on-time and at least some of that (figurative and literal) credit should go to automatic bill pay. Looking To Refinance Or Buy a New Car?

Gap insurance refund when vehicle is paid off?This is especially frustrating when you need to buy a new car and are still left paying off your old loan for a car you cannot drive. You should know the advantages and disadvantages before you make a choice at the dealership.

I'm a college student. Can I afford to buy this new car?In almost all cases you really don't save money trading in a paid off gas guzzler for a new car with better MPG. You can buy quite a bit of gas for ~$500/month. Should I just pay off my car and student loans? 4. Bait-and-switch on new car lease.

Ask the Readers: Should I Sell My Car?isharkey. I have a Hyundai Accent that I bought new for 12k, now paid off. This should also go down as the value of your car goes down and once the car is paid for, you could even go the liability-only route. •

How to Retitle Your Vehicle After You Paid Off the Loan | SynonymAfter you send in the last payment, your car title should arrive in a few weeks. When you buy a car and use a car loan to pay for the purchase, the lender becomes a lien holder on the title and, in most cases, the bank that made the loan keeps the title until the car loan is paid off.

Should I Pay Cash, Lease or Finance My New Car? – Cars.comWith a lease, your car will likely always be under warranty, so any nasty mechanical problems should be covered. Also, monthly lease payments are typically If you want to buy a new car before you've paid off your old one, your options may be limited, especially if you're upside down on your existing…

Money Mic: Why I Would Never Buy a New CarConsider doing that first. Then pay extra on your loan. Once your car is paid off, keep saving the I'm confident that Libby has a lot of life left in her and when the time comes to replace, I definitely WON'T buy a brand new car. I'll buy a used car that someone else took the depreciation hit on…

Why You Should Buy a Used Car – Cash Money LifeWhy You Should Buy a Used Car. by Ryan Guina. I recently wrote about the benefits of buying a new car, but often, used cars are actually the better deal. 3 years later, exactly 1 week after I paid off the loan, the car was totalled in a wreck.

I bought a car. A year later, I regret it. What are my options here?Should I talk to Ally, or my dealership, or…? I appreciate any and all input, so long as it's not chiding me for buying it in the first place (I have my dad for that). You can't just switch the loan over to a new car, but buying a new car when you haven't fully paid off your trade-in is a common enough that…

Should You Lease A 2015 Toyota Tundra? | Tundra Headquarters BlogPeople who are trying to save as much money as possible over the next 10 years shouldn't ever lease a new car – they should buy a minimally equipped vehicle and keep it until it dies. It usually goes like this, "ok Honey, the car is paid off, it is 6 years old with no warranty, and 80-120k miles.

How to Buy a Used Car That Hasn't Been Paid Off | GOBankingRatesRead: 20 Cheapskate Secrets to Buying a New Car. Go With the Seller to His Lender. Another option to consider is setting up an escrow account or using a lien-payoff service that holds your money safely until the vehicle is paid off.

How Cars Affect your Financial FreedomShould I never buy a new car? Dave Ramsey would say yes. I don't necessarily feel that strongly about it, but financially speaking it isn't the best decision. The goal should be to get the cars paid off as fast as possible, then start saving to buy the next one with cash.

Should I Trade in my Old Car When I Buy a New Car?Many car experts say not to trade in an old car when buying a new one. Some cars, however, have a high enough resale value that one can not only pay off their debt but also have money left over for a down payment on a new car.

Here Are Four Reasons Why You Should Never, Ever Finance A New…Since the value of the car is so much less than what you paid, you don't actually have the money to buy another new one – and you do need If you get laid off, experience a financial emergency, get stranded on a deserted island for 4 years with nothing but a volleyball and mysterious suitcase, or for…

6 Reasons to Pay Cash for a Car (and how to actually do it)Should I Pay off the 0% loan early? My answer is "no". There is no reason to pay it off, even if you have the cash. Paying cash for a new car is tough. It hurts to pull money from a savings account to buy a car that you know will go down in value.

#038 — A Few Details Once You Pay Off… | MyMoneyMinute.comThey should have upon mailing it to you, but hey, mistakes happen. If you just paid off a typical car loan, odds are your payment was about $400/month. Add it to your debt snowball, or continue paying yourself a car payment each month, so you can buy your next car with cash, rather than a…

Should I Use A Credit Card To Pay Off My Car Loan? – NerdWalletPaying for college tips. Understanding student loan consolidation. How to decide what your car payment should be. Paying off your car is a pretty big accomplishment – having the title in your hand and knowing that you own your vehicle free and clear can definitely make you feel a little lighter.

How to Pay Off a Car Loan Faster: 15 Steps (with Pictures)There are many benefits to paying off a car loan quickly. You save money on your loan interest Or if you don't plan on buying a new car for 3-5 years, you could invest this money in a certificate of deposit (CD). My payments are $350 per month. How much should I pay on the principal on the loan?

My credit score was on a steady increase. I paid off… | Credit KarmaI paid off my car loan, and now it dropped to 690? I'm totally baffled here. I have not incurred any new debts. Couple reasons for this. You should never ever pay off a auto loan that fast. We were "cash only" & had poor credit – dealing with buy-here-pay-here shady car dealers.

Auto loan calculator – Bankrate.comUse this car payment calculator to estimate monthly payments on your next new or used auto loan. $ as a one-time auto loan payment in… Apply Extra Payments. Pay-Off Date. Don't buy a car you can't afford. Too often car shoppers think about the final number they are willing to pay and don't…